4th March 2024 DHC / Spending
Destination Hauraki Coromandel says it has recorded its third-highest performing January in terms of visitor expenditure since 2016.
A survey of 500 New Zealand seniors has revealed that 60% spend more than $5,000 on travel every year, and 34% have increased their spending had increased compared to five years ago.
Economic activity is struggling to grow as inflation and high interest rates continue to stifle spending.
Electronic card spending in hospitality reached $1.33bn in January 2024, according to Stats NZ.
The appetite for international travel has picked up but there are no evident trends in confidence, according to Tony Alexander’s first spending plans survey in January 2024.
Consumer spending in the hospitality sector fell to $1.03bn over the holiday period in January 2023, down 1.4% compared to the same month in 2023, according to card spending data from Worldline.
Tourism Industry Aotearoa is optimistic about tourism spending heading into the industry’s second summer of recovery, with international spend well above what it was last year and domestic exceeding pre-Covid.
Domestic visitor spend in Queenstown fell sharply in September 2023, contributing to an overall drop in tourism expenditure across the country compared with the same month last year.
Spending in cafes and restaurants weakened over October, according to Worldline.
Overseas visitors to Hamilton spent $13m in the city in the June 2023 quarter, up $5.6m on the same time last year, according to the city’s council.
High interest rates and the growing cost of living have turned sentiment negative for both domestic and international travel spend, according to Tony Alexander’s latest spending plans survey.
The Nelson Tasman tourism sector is seeing increases in visitor expenditure and guests nights, although growth remains tempered.
Spending in the hospitality industry totalled $1.26bn in July 2023, up 6.3% on the same month last year, according to Stats NZ’s latest electronic card transactions data.
Kiwis are feeling more positive about spending on domestic travel in the next three to six months in the strongest result since October, according to Tony Alexander’s latest spending plans survey.
International visitor spend in June 2023 was up 14% on the same month in pre-Covid 2019, according to the latest Tourism Electronic Card Transactions.
The Ministry of Business, Innovation and Employment is seeking industry input into what appears to be a significant change in the way visitor spend is measured.
Electronic card spending in hospitality reached $1.18bn during June 2023, according to the latest data from Stats NZ.
Domestic travel spending sentiment remains weak for the third consecutive month as Kiwis re-evaluate their priorities.
P&O Cruises says it will be spending $5m on Kiwi food and beverage to supply its Pacific Explorer during its Auckland season.
Plans for domestic travel spending over the next three to six months remain weak with Kiwis pessimistic about the economy, according to Tony Alexander’s latest spending plans survey.
May card spending in the hospitality industry increased by 7.6% to $1.176bn compared to the $1.094bn transacted during the same month last year, according to Stats NZ.
Electronic card transactions in hospitality for April have increased by 15.5% compared to the same month last year, according to Stats NZ.
The rising cost of living is turning sentiment against domestic travel expenditure, according to Tony Alexander’s latest spending plans survey.
The Easter holiday period has contributed to a rise in retail spending during April.
March visitor spend for Hauraki Coromandel was down 2% compared to the same month the previous year, but events and day visitors boosted numbers across the region.
Electronic card transactions in hospitality reached $1.34bn in March 2023, up about 50.6% from the $891m generated during the same month last year, according to Stats NZ.
Plans to spend more on domestic travel have turned positive for the first time since November 2022, according to Tony Alexander’s April spending plans survey.
Visitor spend across the summer hotspot fell 40% in February due to Cyclone Gabrielle.
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Electronic card transactions in hospitality reached $1.17bn last month, down slightly from $1.3bn in January but still significantly up by 33.5% on the $876m transacted in February 2022, according to Stats NZ.
Domestic travel spend sentiment has soured and the continuing mechanical issues plaguing Cook Strait ferries do not help, says former BNZ chief economist Tony Alexander.
International visitor spend is the country’s third highest export for the quarter, says MBIE.
West Coast visitor spend in January 2023 exceeded pre-Covid levels, reaching just over $27.5m across the region, up 10.7% compare to the same month in 2020.
Both domestic and international visitor card spend in December 2022 exceeded their corresponding pre-Covid levels, according to the latest Tourism Electronic Card Transactions data.
Only international travel and grocery spend sentiment remain positive with domestic tourism expenditure plans still lagging, according to Tony Alexander’s latest spending survey.
Spending in the hospitality industry increased by 24% or $261m in December 2022 when compared with the same month the previous year, according to Stats NZ.
Total visitor expenditure in Taranaki increased by 10.9% in the year to October 2022, according to Te Puna Umanga/Venture Taranaki.
People are planning to reduce spending on both domestic and international travel, according to Tony Alexander’s latest spending plans survey.
Retail card spending rose $21m or 0.3% in November 2022 compared with October 2022, when adjusted for seasonal effects, Stats NZ said today.
Many RTO areas are already near their pre-Covid level of foreign spend, with one major market surpassing it.
Total card spending across New Zealand was $9.1bn in October 2022, up 20.2% from the same month last year.
But international active considerer preference for NZ surges to a six-year high, driven by US and China.
Actual spending in the hospitality industry reached $1.15bn in August 2022, up 78.2% from $646m the same month last year, according to Stats NZ.
International visitor spending jumped to $182.8m in July 2022, just 9% down from the same month in pre-Covid 2019.
The easing of border restrictions have accounted for more than $77.3m in the food and beverages sector and almost $71.3m in accommodation.
Electronic card spending in the hospitality industry reached $1.9bn during July, up from almost $1.1bn the previous month.
People are generally cutting their overall expenditure but the desire to travel is still strong, says a survey.
Consumer spend is improving in merchant groups including hotels and motels, taxis, flight booking companies and movie theatres, but remains below pre-Covid levels.
Taranaki is among the top seven regions in the country for visitor spend for the year ending February 2022, says Venture Taranaki.
Total tourism expenditure in the Buller District increased by 9.8% in the year to March 2022.